My First Million The Reddit Revolt, Turpentine, & Shaan's Latest Business Venture
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Jun 13, 2023 Dive into the chaos of the Reddit revolt, where user backlash led to thousands of subreddits going dark. Explore the innovative Turpentine podcast network that aims to shake up media dynamics. Discover Shaan's latest business ventures, including how he invested his Milk Road profits. The conversation also touches on the best practices for hiring assistants and the fine balance of managing investments in today's volatile market. It's a thrilling mix of tech, entrepreneurship, and community-driven discussions!
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Reddit's Revenue and User Ownership
- Reddit, despite its popularity, has a low revenue-per-user ratio due to user anonymity and ad aversion.
- Its unique user ownership model empowers moderators, contributing to the current protest's impact.
Spezless: A Reddit Alternative
- Capitalize on Reddit's revolt by creating a similar platform called "Spezless," a non-profit version of Reddit.
- Funnel revenue back to communities and moderators, offering an alternative to Reddit's corporate model.
The "THOT" Incident
- Shaan and Sam hired a woman for t-shirt designs who cleverly submitted a printed PowerPoint deck instead of a digital link.
- A humorous misunderstanding occurred when Sam addressed her by her email handle, "myfirstthot@gmail.com," not realizing its meaning.